- Royal Fox (FOXG) is pleased to announce a non-brokered private placement for gross proceeds of $2,830,000
- The company will issue 28,300,000 charity flow-through units for $0.10 per unit
- Each unit will consist of one common share and one-half of one whole common share purchase warrant
- Royal Fox Gold Inc. is a mineral exploration company focused on the development of the Philibert Project near Chibougamau, Québec
- Royal Fox Gold Inc. (FOXG) opened trading at C$0.06 per share
Royal Fox (FOXG) is pleased to announce a non-brokered private placement for gross proceeds of $2,830,000.
The company will issue 28,300,000 charity flow-through units for $0.10 per unit. The units are being issued through a charity arrangement structured by Peartree Securities Inc.
Each unit will consist of one common share and one-half of one whole common share purchase warrant. Each warrant shall entitle the holder to acquire one common share at a price of $0.08 per share for a period of three years.
All securities issued will be subject to a four-month hold period and the resale rules of applicable securities legislation.
The gross proceeds will be used to incur eligible “Canadian exploration expenses” that will qualify as “flow-through expenditures” as such terms are defined in the Income Tax Act (Canada).
The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Royal Fox Gold Inc. is a mineral exploration company focused on the development of the Philibert Project near Chibougamau, Québec.
Royal Fox Gold Inc. (FOXG) opened trading at C$0.06 per share.